All categories

3 years ago

The act that has its own definition and remedial steps for mistakenly created e-commerce contracts:

Business

1 answer:

diamong [38]3 years ago

8 0

Answer:

Electronic Signatures in Global and National Commerce Act (ESIGN)

Explanation:

The act with its definition and remedial steps for mistakenly created e-commerce contracts is" Electronic Signatures in Global and National Commerce Act (ESIGN)."

The United States Congress passed the Electronic Signatures in Global and National Commerce Act (ESIGN) in 2000. It has its definition by defining some keywords or phrases such as "Electronic," "Electronic Record," Electronic Signature," etc., under section 106 of the act.

It also states the remedial steps for mistakenly created e-commerce contracts under another section.

You might be interested in

Difference between accounts receivable and payable

Elina [12.6K]

When a company buys something on credit it increases account payable, and when a company sells on credit it will increase their account receivable.

7 0

3 years ago

A firm in a purely competitive industry has a typical cost structure. The normal rate of profit in the economy is 7 percent. Thi

Mrrafil [7]

Answer:

a. 9%

b. Yes, the firm earning an economic profit of 2%

c. Yes, Industry will see entry or exits

d. Rate of return of economy = 7%

Explanation:

a. Percentage rate of return = Earning ÷ Investment by founders × 100

= $18 ÷ $200 × 100

= 9%

b. Company rate of profit - Rate of profit of economy

= 9% - 7%

= 2% > 0

Yes, the firm earning an economic profit of 2%

c. Yes, Industry will see entry or exits because industry is competitive in nature and would to like to compete to others by satisfying the consumers . In perfect competitive markets there will be no entry or exits and critical characteristics reason companies are free for entry and exit for marginal profits.

d. Industry is competitive , there will be supplier to serve the market and its hard to decide the price of the product.

Hence, the rate of return long run equilibrium earned by firm = Rate of return of economy = 7%

4 0

3 years ago

In this blank graph of the business cycle, what does the red circled area on the grap

serg [7]

Answer:It is contraction

Explanation:It is at the smallest point

6 0

3 years ago

Pluto Company owns 100 percent of the capital stock of both Saturn Corporation and Sol Corporation. Saturn purchases merchandise

likoan [24]

Answer:

The amount that should be eliminated from cost of goods sold in the combined income statement for 20X8 is $31,250.

Explanation:

Amount eliminated from cost of goods sold in the combined income statement for year 2008.

saturn purchase merchandise from Venus at 125 % of sol cost.

sol sold inventory to saturn for $ 25,000

Amount should be eliminated from combined income statement

= $25,000*125/100

= $31,250

Therefore, The amount that should be eliminated from cost of goods sold in the combined income statement for 20X8 is $31,250.

4 0

3 years ago

Dawson Toys, Ltd., produces a toy called the Maze. The company has recently established a standard cost system to help control c

guapka [62]

Answer:

a) 500F and 3,000U

the company use a cheaper material thus, favorable price variance.

But this material had lower quality thus, negative quantity variance

b) 4,000U 2,100U

There was overtime thus, making labor rate higher and productivity as the shift are longer, decrease.

It could also be a combination between wrong directives from the supervisor or defective equipment

Explanation:

DIRECT MATERIALS VARIANCES

$(standard\:cost-actual\:cost) \times actual \: quantity= DM \: price \: variance$

std cost $ 1.50

actual cost $ 1.48

quantity 25,000 (amount purchased)

difference $0.02

price variance $500.00

$(standard\:quantity-actual\:quantity) \times standard \: cost = DM \: quantity \: variance$

std quantity 18000 (3,000 toys produced x 6 per toy)

actual quantity 20000 (25,000 - 5,000 ending inventory)

std cost $1.50

difference -2000.00

quantity variance $(3,000.00)

DIRECT LABOR VARIANCES

$(standard\:rate-actual\:rate) \times actual \: hours = DL \: rate \: variance$

std rate $21.00

actual rate $22.00 (88,000 labor cost / 4,000 direct labor hours)

actual hours 4,000

difference $(1.00)

rate variance $(4,000.00)

$(standard\:hours-actual\:hours) \times standard \: rate = DL \: efficiency \: variance$

std hours 3900.00 (3,000 toys x 1.3 hours per toy)

actual hours 4000.00

std rate $21.00

difference -100.00

efficiency variance $(2,100.00)

5 0

3 years ago